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3 April 2024 | 6 replies
Some are for-hire independent contractors, whose services an investor could enlist directly, typically for a relatively minimal cost.
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4 April 2024 | 5 replies
A mentor can help you avoid typical problems and offer advice, support, and insights as you negotiate your initial transactions.Assemble a trustworthy group of experts to support you during the wholesaling and subject-to transactions process, such as real estate brokers, lawyers, contractors, and bankers.Real estate investment may be difficult, and tenacity and determination are frequently necessary for success.
4 April 2024 | 12 replies
Andrew - I think you've accounted for a majority of your costs, but just a few others to consider include: vacancy factor (typically 5%), turn/over or releasing expenses, and property management fees (7-10%) - whether you pay someone else or do that yourself you might want to include in your calculation.
3 April 2024 | 8 replies
US Real Estate Ownership Among Foreign CitizensAccording to the Congressional Research Service, foreign citizens own 3% of all US real estate, with investors from Canada, Netherlands, and Italy accounting for about half of that.
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4 April 2024 | 4 replies
Then you can bill the owner for your services.
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3 April 2024 | 6 replies
After the 1st month, there will be $75 for each service call.
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4 April 2024 | 14 replies
In my area, they typically don't reassess after a rehab unless you are building a new building or maybe adding an addition etc.
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4 April 2024 | 4 replies
Depending on the type of strategy and the financing, reserves can also differ - whether it's a short-term rental, mid-term rental, conventional, DSCR, etc.In general it would be:downpayment + appraisal + title fee + escrow fee and prepaid + lender's feeFor rentals, you would usually be required to have cash on reserves for a certain number of months worth of PITI - typically anywhere from 3-12 months.
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4 April 2024 | 12 replies
Typically, when I'm buying, I do not pay for any of the closing costs, except for items which are pro-rated (I pay my share and the seller pays his) and I pay half of the title company's closing fee (which in Nevada, is about $300 per purchase I make).
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4 April 2024 | 8 replies
@Bruce Lynn Do you service the Sherman area?